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Otis Worldwide Corporation - Company Profile

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Otis Worldwide Corporation - Overview

Description
Otis Worldwide is a public company headquartered in Connecticut with an estimated 70,000 employees. In the US, the company has a notable market share in at least two industries: Forklift & Conveyor Manufacturing, Elevator Manufacturing and Forklift & Conveyor Manufacturing. Their largest market share is in the Elevator Manufacturing industry, where they account for an estimated 24.4% of total industry revenue.
Company Details

Registered Name: Otis Worldwide Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: One Carrier Place Farmington CT 06032

Website: https://www.otis.com/

Employees: 70000

Otis Worldwide Corporation - Operating Industries and Main Competitors

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Otis Worldwide Corporation - Products and Services

  • Forklift & Conveyor Manufacturing in the US

    • Of the 4 core revenue-generating products and services in the Forklift & Conveyor Manufacturing in the US industry, Otis Worldwide Corporation offers:
    • Elevators and escalators

  • Elevator Manufacturing in the US

    • Of the 4 core revenue-generating products and services in the Elevator Manufacturing in the US industry, Otis Worldwide Corporation offers:
    • Home elevators
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Otis Worldwide Corporation - Analyst Insights

Otis certified to maintain Ukraine’s wind turbine elevators.

While Otis Worldwide Corporation (Otis) has continued to work towards reducing its environmental impact, company mechanics were certified in January 2022 to maintain the elevators inside wind turbines in the Odessa and Kramatorsk regions of Ukraine. As wind turbines provide a unique opportunity for elevator technology due to the technical specifications required, this certification will enable the company to continue to work towards sustainability goals while ensuring two substantial service contracts in the country.

ESG|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Otis Worldwide Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Otis Worldwide Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Forklift & Conveyor Manufacturing in the US, and Elevator Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Otis Worldwide Corporation - Financial Statements & Ratios

pie_chartOtis Worldwide Corporation Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/2018
Revenue14,298.012,756.013,118.012,915.0
Cost of Revenue0000000000000000
Cost of Revenue, Non-Cash0000000000000000
Gross Profit0000000000000000
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pie_chartOtis Worldwide Corporation Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents1,565.01,782.01,446.01,329.0
Short-Term Investments0000000000000000
Derivative Assets, Current0000000000000000
Restricted Cash and Investments0000000000000000
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pie_chartOtis Worldwide Corporation Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/2018
Net Income1,420.01,056.01,267.01,210.0
Income (Loss) From Discontinued Operations0000000000000000
Depreciation, Depletion and Amortization0000000000000000
Amortization of Financing Costs and Discounts0000000000000000
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